Federal Estate & Gift Tax Tables
2019
| ANNUAL GIFT TAX EXCLUSION |
| $15,000 per donee |
| ESTATE TAX APPLICABLE EXCLUSION AMOUNT1/LIFETIME GIFT TAX APPLICABLE EXCLUSION1/GST EXEMPTION AMOUNT2 |
| $11,400,000 |
| ANNUAL EXCLUSION OF A NONCITIZEN SPOUSE |
| $155,000 |
| TAXABLE ESTATE |
RATE |
| $0–$10,000 |
18% |
| $10,000–$20,000 |
20% |
| $20,000–$40,000 |
22% |
| $40,000–$60,000 |
24% |
| $60,000–$80,000 |
26% |
| $80,000–$100,000 |
28% |
| $100,000–$150,000 |
30% |
| $150,000–$250,000 |
32% |
| $250,000–$500,000 |
34% |
| $500,000–$750,000 |
37% |
| $750,000–$1,000,000 |
39% |
| $1,000,000+ |
40% |
2018
| ANNUAL GIFT TAX EXCLUSION |
| $15,000 per donee |
| ESTATE TAX APPLICABLE EXCLUSION AMOUNT1/LIFETIME GIFT TAX APPLICABLE EXCLUSION1/GST EXEMPTION AMOUNT2 |
| $11,180,000 |
| ANNUAL EXCLUSION OF A NONCITIZEN SPOUSE |
| $152,000 |
| TAXABLE ESTATE |
RATE |
| $0–$10,000 |
18% |
| $10,000–$20,000 |
20% |
| $20,000–$40,000 |
22% |
| $40,000–$60,000 |
24% |
| $60,000–$80,000 |
26% |
| $80,000–$100,000 |
28% |
| $100,000–$150,000 |
30% |
| $150,000–$250,000 |
32% |
| $250,000–$500,000 |
34% |
| $500,000–$750,000 |
37% |
| $750,000–$1,000,000 |
39% |
| $1,000,000+ |
40% |
1After 2025, reverts to $5,000,000 basic exclusion amount provided in section 2010(c)(3) of the Internal Revenue Code, indexed for inflation occurring after 2011
2Surtax applies to the lesser of (1) undistributed net investment income or (2) the excess of adjusted gross income over $12,750
The information presented here is not intended to be a comprehensive analysis. Cherry Bekaert Benefits Consulting is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax and related regulation.
